“Within 10 years, around 95% of the world's top tech companies will be American thanks to the U.S. lead in AI.”
Horizon runs to January 2034; Karp also predicted AI-driven GDP growth concentrated in a handful of countries and companies, causing political and social 'dislocation.'
“"The biggest problem in this country is [AI] will raise the standard of living of the average person, but the people involved are likely to get 10, 100 times wealthier than they already are. That's a problem for society." Middle-class workers, by contrast, might simply see their salaries double over the next decade.”
Karp framed the gap — roughly 2x for middle-class wages versus 10-100x for AI owners — as 'a complete decoupling of unimaginable wealth and normal wealth'; resolvable against US median wage growth through 2036.
“We were profitable again this quarter... And we now anticipate that we will remain profitable each quarter through the end of the year. The depth of engagement with and demand for our new Artificial Intelligence Platform (AIP) is without precedent.”
Palantir reported GAAP net income in every remaining quarter of 2023 — $28M in Q2, $72M in Q3 and $93M in Q4 — its fifth consecutive profitable quarter by year-end.
“Consequently, we are raising our full-year guidance for total revenue growth to 36% and our guidance for U.S. commercial revenue growth to 68%.”
Palantir comfortably beat both targets — FY2025 revenue was $4.475 billion, up 56% (guidance implied ~$3.89–3.90 billion, +36%), and U.S. commercial revenue reached $1.465 billion, up 109% versus the 68% guided. The direction was right but the specific figures were far too conservative, and the company raised guidance three more times during the year.
